Is no reserve really the truth?


Isn't an auction with no reserve but with a minimum bid kind of misleading? A current auction here states that a Wadia 850 CD player is being auctioned off starting at $1 with no reserve. When you go to this auction you find that there is a minimum bid of $2960. Is this not for all intents and purposes a reserve or just plain old false advertising?
128x128dtwomey
Dtwomey- There is a difference between reserve and minimum bid. Reserve is hidden, minimum bid puts it out there to see so you don't have to waste your time. However, if the listing your taking about says starting at $1 and then there is a minimum on the detailed page then that is false advertising. I ran into this also on an auction here and was pretty upset. This is deceptive and is one real problem I have encountered on this site. Site sponsors should be informed and look into it. Posting the name would be a last resort; such postings are starting to deteriorate some of the threads into name calling or he said-she said affairs that are a real drag and add no useful information to help out the hobbiests who want to learn.
Dtwomey, you've been mistaken, I checked out that auction of Wadia 850 and the opening bid was $1.00 So far, there were many bidders and the price is up to $2930. Therefore ,the minimum now is $2960. If you were the first person to place a bid, you could have placed it at $1.00. I hope my explaination is of help to you.
I erred. This auction did start at $1. Please excuse my ignorance of the various practices and procedures involved in an auction.